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Sep 30, 2022
Booking Q3 2022 Earnings Report
Reported strong financial results for the third quarter, achieving record quarterly revenue and Adjusted EBITDA.
Key Takeaways
Booking Holdings reported a strong third quarter with gross travel bookings of $32.1 billion, a 36% increase year-over-year. Total revenues were $6.1 billion, up 29% from the prior year, and net income reached $1.7 billion, a 117% increase. The company saw improvements in room night trends and strong accommodation ADR growth.
Gross travel bookings increased by 36% year-over-year to $32.1 billion.
Total revenues grew by 29% year-over-year to $6.1 billion.
Net income increased by 117% year-over-year to $1.7 billion.
Non-GAAP net income per diluted common share increased by 41% to $53.03.
Revenue by Segment
Forward Guidance
Despite the rising concern around the macroeconomic environment, the company is encouraged by the slight improvement in room night growth seen in October and by the level of bookings for travel in early 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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